In the past few years, many
consumer groups have warned homebuyers of the problems created
by using real estate agents who do not fully represent their
interests. These groups strongly recommend using only Buyer
Agents when buying a home.
National studies have shown
that homebuyers using Buyer Agents save an average of 4% to 6%
with a significantly higher level of service satisfaction, than
those buyers using Seller Agents or Transaction Brokers.
The following excerpts from
various periodicals and books illustrate the importance of this
issue.
Use the index
below to pinpoint the targeted issue or just browse the
articles.
"Unlike the traditional agent
who looks out for the seller, a buyer broker acts as your
advocate, helping you find the home you want and then
negotiating the lowest possible price. The best buyer brokers
are so-called exclusive agents - that is they represent only
buyers, never sellers..."
Money Magazine
Index
"Your
goal should be to engage an agent who will represent only your
interests. Not just a "buyer broker," but an exclusive
buyer broker."
Not One Dollar More
Index
"Only
by using an exclusive buyer agent can a buyer be sure all
information is kept confidential. Only an exclusive buyer agent
can give the buyer an objective, experienced opinion of the homes
viewed to insure the buyer gets the right home at the right
location, at the right price."
Mobility
Index
"Exclusive
agencies are the best. They remove any conflict of interest, which
is the main reason for considering a buyer broker in the first
place."
Kiplinger's
CHANGING TIMES
Index
"Groups
such as the Consumer Federation of America and AARP recommend
using buyer's agents...looking for a buyer broker in your
area...call Buyer's Resource..."
SmartMoney Magazine
Index
"Most
agents who show you homes don't represent your interests. They
work for the seller, and their object is to sell the house for the
highest possible price."
USA Today
Index
"The
facilitator concept (transaction broker) is not in the best
interests of consumers."
National
Association of Realtors
Index
"Realizing
your agent isn't on your side is a little like learning there is
no Santa Claus."
This Old House
Index
"Exclusive
buyer's agents work only for consumers and often can save them
money - and they don't cost more to hire... Buyer's agents are not
tied to any particular property or agency, so they will show
buyers any home, even for sale by owners."
Los Angeles Times
Index
